Retirement Planning

Expert retirement planning advice is invaluable for those who wish to ensure that they can live comfortably in their later years.

The pre-retirement phase is the time to consider whether you are saving enough to provide you and your dependants with enough income to maintain your lifestyle. We will help you review your existing pension provision and, if appropriate, direct you towards more tailored pension products such as self-invested personal pensions (SIPPs).

It is equally important to consider the post-retirement phase and to look at how you will convert your savings into a retirement income. This is an increasingly complex area, and getting the right guidance is crucial. Lifelong planning areas that we can help you to consider in the context of your individual circumstances include;

  • If or when to purchase an annuity (a guaranteed level of income for the rest of your life)
  • Whether to take a tax-free lump sum (and how much to take)
  • Whether to leave your pension assets invested and draw an income from them (income drawdown)
  • How your retirement fund fits in with other savings and sources of income
  • Succession planning to help protect beneficiaries

If you’d like financial advice about lifelong planning for retirement, for example if you have benefits held in an employer's final salary pension scheme, Self Invested Personal Pension (SIPP), Small Self Administered Scheme (SSAS), auto-enrolment or personal pension policies, please get in touch with us to understand in more detail how we may be able to help you as we have the expertise to advise in these areas.

We will always consider the tax implications of our advice. However, any decisions should be made in the context of your overall financial plan, rather than to achieve a short term tax benefit. We specialise in, and are able to offer you the very best in retirement planning advice.

The tax treatment is based on personal circumstances and current legislation, which is subject to change.

The value of pensions, investments and any income from them can fall and you may get back less than you invested.

No investment is suitable in all cases and if you have any doubts as to an investment's suitability then you should contact us.

Transferring out of a final salary pension is unlikely to be in the best interests of most people.

The Financial Conduct Authority does not regulate tax advice.